Home / Knowledge / News / Textiles / Rieter sells pelletizing machinery business
Rieter sells pelletizing machinery business
26
Feb '08
Rieter is selling its activities in machinery and systems for manufacturing plastics granulates to CGS Management (Pfäffikon, Switzerland) with retroactive effect as of January 1, 2008. The two parties signed a purchase and sale agreement on February 25, 2008, for the Rieter Automatik GmbH business unit, based in Grossostheim (Germany), which is no longer a core activity for Rieter.

The parties have agreed not to disclose the terms of the contract. Following a strategic review of the product portfolio of the Textile Systems Division, Rieter has decided to concentrate on its core business with staple fiber and nonwovens production machinery, technology components and service offerings. Rieter is therefore disposing of the pelletizing machinery activities.

All interests in Rieter Automatik GmbH, based in Grossostheim/D –including all patents, trademarks and regional distribution channels and service centers – are being sold to CGS Management. This company is also acquiring the manufacturing facilities in Germany and the global sales and marketing activities. CGS specializes in the further development of industrial groups and is thus ideally suited to ensure the sustained development of this business.

Rieter Automatik GmbH employs a workforce of 230 in Grossostheim and generated sales of some 70 million CHF (machinery and spare parts) in 2007. The company is a world leader in the manufacture of pelletizing systems and components, and offers all current processes for producing and recycling plastics or pelletizing low-viscosity liquids.

CGS Management is an independent, experienced industrial partner, which focuses on developing medium-sized enterprises into international industrial groups. In addition to financial strength, the partners' long-term industrial experience in an international business environment is of particular importance in this process. The company concentrates primarily on companies in Switzerland and the neighboring German-speaking countries.

Rieter Management AG


Must ReadView All

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search